Answer: Total Monthly Payments = $1515.82
Explanation:
Present Value = $154000
n = 25 x 12 = 300
r = 6.5%/12
Payments = rPv/(1 - (1 + r)^-n)
Payments = 0.065/12 x (154000)/(1 - (1 + 0.065/12)^-300)
Payments = 834.166667/0.8022229250
Payments = 1039.819037 = $1039.82.
Mortgage Loan Payments = $1039.82
Taxes per month = 2796/12 = $233
insurance per month = 1416/12 = $118
condo association = $125
Total Monthly Payments = 1039.82 + 233 + 118 + 125 = $1515.82
Answer:
Explanation: Journal Entries for the sale.
DR: Bank/Cash. $800,000
CR: Sales. $783,000
CR: Warranty on sales. $17,000
Being sales of 200 color printers at $4,000 per piece.
DR: warranty expense. $330
CR: Warrant on sales. $330
Being actual expense incurred on warranty for year 2020
Answer:
Ping Pong Ltd
i. No. The bank has not breached its duty of care to its customer, Ping Pong Ltd.
ii. No. The customer, Ping Pong, has not breached its duty of care to its bank.
Explanation:
The breach occurred between Mr. Z. and Ping Pong. Certainly, Mr. Z. breached his professional and fiduciary duty of care to Ping Pong, his employer. By presenting forged documents as evidence of supply transactions, Mr. Z. has fraudulently defrauded his employer to the tune of $6.6 million. It is the responsibility of Ping Pong to recover from Mr. Z. as soon as the fraud is discovered.
It is a true statement that the Keynes law best applies to short time horizons which see fluctuations in total demand.
<h3>What is the
Keynes law?</h3>
The Keynesian economic model is developed to adovate an increased government expenditures (spending) and lowering of taxes for stimulation of demand for getting an economy out of the depression.
The law of Keynesian model states that demand creates its own supply and any changes in aggregate demand will cause changes in real GDP and employment.
In conclusion, the statement that Keynes law best applies to short time horizons which see fluctuations in total demand is true.
Read more about Keynes
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